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please provide solutions also 8. (8.6) Suppose a company uses trade credit with the terms 2/10, net 50. If the company pays their accounts on

please provide solutions also

8. (8.6) Suppose a company uses trade credit with the terms 2/10, net 50. If the company pays their accounts on the 50th day, the effective borrowing cost of skipping the discount on day 10 is closest to: (a) 14.9% (b) 15.0% (c) 20.2%

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